Must the sale of second-hand houses be supervised by funds?
1. In the process of buying and selling second-hand houses, it usually takes 1 to 3 months from the signing of the sales contract between the buyer and the seller to the completion of the real estate transaction transfer, during which the issue of "payment first or transfer first" will be involved, and unnecessary disputes will easily occur. Therefore, only by adopting two ways of fund supervision and fund custody can we truly ensure the financial security of second-hand housing transactions.
2. Fund supervision, also known as third-party supervision, is mainly used for real estate transactions. It means that the transaction funds of buyers and sellers are not directly transferred through brokerage companies, but are transferred by the real estate administrative department in conjunction with banks and institutions with guarantee qualifications to open a "special account" for fund supervision in banks, which belongs to banks.
3. After the property buyer transfers the ownership within the prescribed time limit, the funds will be transferred to the original owner's account, otherwise it will be transferred to the property buyer's account. Therefore, the supervision of funds requires both buyers and sellers to open accounts in the supervision bank, and the bank is the main body of supervision of funds. Without the agreed authorization of the buyer and the seller, other personnel cannot use the funds.
What is fund supervision?
Fund supervision, also known as third-party supervision. In the field of real estate transaction, it means that the buyer does not directly pay the house price to the seller, but lets the funds be supervised by a third party. After the transaction is successful, the funds will be sent to the seller again; If the transaction fails, the funds will be returned to the buyer to ensure the safety of the funds of both buyers and sellers.
Why do you want to do fund supervision?
Second-hand housing transaction takes a long time and the process is complicated. Buyers will worry that the seller will not cooperate with the transfer after paying the money; The seller will be worried that he has cooperated with the tenants and the buyer will not pay for the goods. In order to safeguard the legitimate interests of buyers and sellers, it is best to supervise the funds of payment during the transaction to ensure the safety of money and the legitimate interests of buyers and sellers.
What are the benefits of capital supervision?
Buyer: By supervising the transaction funds and unfreezing them after transfer, the malicious fraud of the owners is avoided; Avoid the risk that both parties do not cooperate with the transfer after the delivery of funds, and effectively ensure the security of the transaction.
Seller: through fund supervision, ensure the safety of transactions, dispel customers' concerns and promote the smooth progress of transactions; Transaction funds are transferred to the supervision account in advance to ensure that customers have enough funds to buy real estate, avoid the risk of customers interrupting transactions, and ensure the legitimate interests of owners.
Fund supervision processing flow
The client and the owner shall sign a fund supervision agreement with the bank within the date agreed in the contract;
The customer transfers the supervision funds to the bank supervision account (transfer money or swipe the POS machine) or the bank freezes the funds supervision funds in the customer loan bank supervision account. A small number of banks have special requirements, such as having to deposit in a supervised bank account and automatically deduct money or operate the supervised amount through the mobile banking app;
Information to be provided by the buyer and the seller
Buyer: ID card, bank card (first-class card), online contract, deposit receipt.
Exporter: Copy of immovable property certificate, ID card and payment card (first-class card).
Determination of fund supervision quota
Full payment: supervision amount = transaction price-deposit;
Mortgage: supervision amount = transaction price (transaction price)-loan amount (30%, 50% or 70% of online signing price)-deposit.